Port Charlotte FHA Loans

apply-now-today

Port Charlotte Florida FHA home loans permit clients to get an easy home mortgage for your house. The US federal government insures these home loans through the FHA Department to enable homeowners to get home loans on relaxed conditions and to provide security to the lender. If a borrower does not make his payments, the mortgage insurance covers the loss of the mortgage bankers.

Pros of Port Charlotte FHA Home Loans

With a low down of just 3.5% and its easy terms of borrowing, Port Charlotte FHA home loans are a viable option. Even individuals with less than perfect credit scores can simply opt for a Port Charlotte FHA home mortgage.

Disadvantages of a Port Charlotte FHA Loan

With the benefits of easy accessibility comes the negatives that you will have to pay a little more on your regular home mortgage payments to make up for the Mortgage Insurance.

Necessities to Get Qualified for an FHA Home Loan

To ensure you meet the requirements for a Port Charlotte FHA mortgage, you must be a legal citizen of the Unites States with a steady job. In addition, as the FHA department only approves selected mortgage bankers for their home mortgage insurance, you can not apply online for a Port Charlotte FHA home mortgage from every lender. Even after you locate the right home mortgage from every lender, an FHA home mortgage is only sanctioned if the home you wish to buy has been approved by the Federal Housing Administration.

Extent of a Port Charlotte FHA Loan

The maximum limits of the home loan amount vary from state to state and county to county, however, the standard max home mortgage amount is approximately $625,000.

How to Get a Port Charlotte FHA Home Mortgage?

If you would like to request a Port Charlotte FHA loan, contact us at the First Nationwide Lending, where we can provide you with more information regarding these home loans and clarify your query to speed up the process of buying your new home.

 

Contact Us

map

1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

Latest News